TGS Cedar Port Partners, L.P. is pleased to announce the sale of 99.3 acres to Floor and Décor Outlets of America, Inc
Floor & Décor is building a 1.5 million square foot cross dock distribution center that will service the south-central United States. Floor & Décor closed on the property December 2020 and started construction of the building pad within a couple weeks. With an aggressive schedule to be complete by the end of 2021 Trans-Global Solutions, Inc., the site civil contractor, had to hit the ground running with over fifty pieces of civil equipment working to complete the building pad by March.
Per William F. “Bill” Scott, Managing Partner, “this is an exciting time for TGS Cedar Port Partners L.P. The decision of Floor & Décor to locate in Cedar Port for their regional distribution site follows a trend for larger retailers and e-commerce tenants to choose Cedar Port Industrial Park as their large-scale distribution home. This in turn continues to fuel our growth, allowing us to further enhance our infrastructure and fuel the Partnerships commitment to invest hundreds of millions of dollars on capital improvements in the largest industrial park in North America. Cedar Port has a global reach supported by the two Port of Houston world-class container ports near the park. By the end of 2021, Cedar Port will have constructed over $250 million in rail, roadway, barge terminal, drainage and utility infrastructure. Our 2021 capital budget contemplates an additional $50 million in similar improvements. We anticipate further announcements in first quarter 2021 of other commitments to develop inside Cedar Port.”
According to John Simons, Partner with NAI Partners, “We are now in a position to create development solutions for a wide range of links in the supply chain – from rail-served bulk goods and manufacturing through distribution space and ecommerce-retail delivery.”
TGS Cedar Port Industrial Park, located in West Chambers County near Houston, Texas, is the largest master-planned, rail-and-barge-served industrial park in the U.S. and offers industry-leading access for distribution, manufacturing, and terminal operations. Situated across the Houston Ship Channel from Bayport and Barbours Cut Container Terminals, Cedar Port spans approximately 15,000 acres of land which is approximately 25 feet above sea level with heavy utilities and industrial and commercial transportation infrastructure. 11,000 total acres are available for sale, lease, design builds, and build-to-suit developments. The park includes in excess of 3 miles of barge depth waterfront, land sites are delivered “turn-key”—fully entitled with utilities, drainage, and detention. The Park is both barge-served and is dual served by the Union Pacific and the BNSF railroads, and can accommodate developments from 5 acres to more than 1,500 acres.
Cedar Port currently has over 16 million square feet of industrial and manufacturing warehouses that are either existing or under construction. The park includes household names such as Walmart, Ikea, Home Depot, Ravago, Vinmar, PBP, and DHL.
For additional information please contact either John Simons, Joel Michael, SIOR, or Holden Rushing at 713.629.0500.
About NAI Partners
NAI Partners is one of the top 5 largest privately held and independently owned commercial real estate services firms in the state of Texas. NAI Partners was founded and is headquartered in Houston and has offices in San Antonio and Austin; offers the geographic expertise to complete real estate transactions throughout the state; and can leverage the power of the NAI Global network to arrange deals in any location around the world. NAI Partners employs more than 150 real estate professionals, and arranges more transactions than any of its competitors, completing over 700 commercial lease and sale arrangements every year. NAI Partners is a full-service firm offering client leasing and sales solutions in the areas of Office Tenant Representation, Office Project Leasing, Industrial Tenant Representation, Industrial Project Leasing, Retail Tenant Representation, Retail Project Leasing, Landlord Services, Property Services, Investment Sales, Valuation and Advisory Services, Partners Facilities Services (PFS), and Project Services, among other lines of business. The company also has an investment fund platform called Partners Capital, and a development vehicle called Partners Development, both of which are wholly owned subsidiaries of NAI Partners. NAI Partners is the top Houston-based full-service commercial real estate firm on the Inc. 5000 list of fastest-growing private companies in America; the 5th-largest Houston-Area Commercial Real Estate Brokerage and #1 Mover of Square Feet among leasing and sales brokerages in Houston per the Houston Business Journal; the only commercial real estate firm on the Houston Business Journal’s Mid-Market 50 list; a top 12 largest San Antonio Commercial Real Estate Brokerage per the San Antonio Business Journal; and a top 20 Property Management Firm by square feet under management in Houston per the Houston Business Journal. NAI Partners has been named a Best Place to Work by the Houston Chronicle, Houston Business Journal and Austin Business Journal; and is among the University of Houston’s Cougar 100 Fastest-Growing Companies. Visit us on the web at www.naipartners.com.
